Penelope Davey advises clients on a range of cross-border corporate transactions.

Penelope helps private equity and venture capital firms, investment funds, and financial institutions, as well as emerging companies, corporates, and state-owned enterprises execute complex cross-border transactions, including:

  • Mergers and acquisitions
  • Divestments
  • Auctions
  • Joint ventures
  • Venture capital financings

Penelope brings clients a commercial sensibility, drawing on experience working both in London and in Singapore to efficiently navigate matters across the region.

Penelope’s representative experience includes advising:

Mergers & Acquisitions

Energy & Infrastructure

  • Digital Realty on its joint venture with Bersama Digital Infrastructure Asia, a Southeast Asian regional digital infrastructure platform, for the purpose of forming Digital Realty Bersama to develop and operate data centers across Indonesia
  • I Squared Capital on the:
    • Acquisition of Philippine Coastal Storage & Pipeline Corp, the largest independent import terminal in the Philippines, from Keppel Infrastructure Trust and Metro Pacific Investments Corporation
    • Acquisition of a majority interest in cloud computing companies Mateen Cloud Ventures and Infofabrica Holdings*
  • A family office on its disposal of a coal mine in Indonesia
  • A consortium of Japanese buyers, including Osaka Gas Co., Ltd. and Sumitomo Corporation, in connection with their strategic investment in AG&P LNG Marketing Pte. Ltd., I Squared Capital’s platform for investing in companies that develop city gas distribution networks in India 
  • The AES Corporation , a leading global energy company, on its agreement with Se.ven Global Investments to sell its 51% equity stake in the Mong Duong 2 coal-fired plant in Vietnam
  • MIND ID on its acquisition of a 20% interest in PT Vale (PTVI), the largest nickel producer in Indonesia, from Vale Canada and Sumitomo*; and its subsequent acquisition of an increased shareholding from 20% to 34% in PTVI
  • ib vogt, a leading utility-scale solar development platform, on its joint venture with AC Energy Corp to set up a platform to fund the construction and operation of large-scale solar power plants and battery storage assets across Asia
  • Intermediate Capital Group on its investment in Amp Energy India Private Ltd., a leading renewable energy platform
  • An Indonesia-based data center and fiber business on its investment by a Japanese bank
  • A pan Asian renewable energy platform on a proposed sell-side auction for a C&I solar platform in India
  • A towers company on its joint venture with a large private equity sponsor to establish a towers platform in India and across Southeast Asia
  • A global power development and investment company on the establishment of a gas-fired IPP joint venture in Brazil
  • JERA on the sale of its approximately 14% stake in the Paiton Coal Thermal IPP Project in Indonesia to PT Medco Daya Energi Sentosa, a wholly-owned subsidiary of PT Medco Daya Abadi Lestari*
  • Pinnacle Towers on its joint venture with KKR to establish a telecom tower platform in the Philippines and across Southeast Asia*
  • Vena Energy on certain renewables joint ventures in the Philippines*
  • Caisse de dépôt et placement du Québec (CDPQ) on its joint venture with CLP India Private Limited (now known as Apraava Energy), India's leading integrated energy solutions provider*
  • PTTEP on its:
    • Proposed LNG transaction in Malaysia*
    • Acquisition of Partex Holding B.V. from Lisbon-based Calouste Gulbenkian Foundation*
  • Pertamina on its strategic M&A opportunities in Asia*
  • Indika on its mining investments in Indonesia*
  • A Thai wind renewable power producer with respect to its auction sale process*
  • An infrastructure fund on the establishment of LNG delivery and storage businesses in Indonesia and Singapore*
  • A consortium of bidders on its bid for the National Power Park power assets in Pakistan*

Additional Sectors

  • GoTo on several of its recent joint ventures, including its:
    • Joint venture with NeuronCredit Pte. Ltd (an affiliate of Advance Intelligence Group), a Singapore-based fintech company, for the purpose of offering consumer lending services to GoTo's customers in Indonesia
    • Sale of its Thai business to AirAsia and investment into AirAsia’s Malaysian superapp*
    • Cloud kitchen joint venture with Rebel Foods*
    • E-commerce joint venture with JD.com*
  • SATS Ltd on its acquisition of Worldwide Flight Services, the world’s largest air cargo handling firm, from an affiliate of Cerberus Capital Management, LP
  • Investcorp on its acquisition of a majority interest in Viz Branz, a distributor of F&B brands across China and Southeast Asia*
  • A BPO services company in the healthcare sector on its auction sale process
  • A global investment manager on its proposed acquisition of an Indonesian IPTV and media content producer*
  • An Indonesian state-owned entity on the proposed acquisition of a majority interest in an electric vehicle manufacturer in Europe*

Venture Capital Financings

  • NetEase Interactive Entertainment on the subscription of Series Seed Preferred Shares in the capital of Meta Fantasy, a Singapore-based provider of metaverse applications and solutions for digitalization of businesses
  • Twain Therapeutics, an Asian biotechnology company developing precision IL-2/15 therapies for cancer, on its Series A fundraising round
  • GoTo on several of its recent venture capital financings, including its:
    • Series A fundraise for GoPlay
    • Series C investment into an Indonesian e-wallet company*
  • RUMA and its substantial shareholder GoTo on a Series A financing in RUMA, an Indonesian e-commerce company*
  • PTT CVC on various venture capital investments in Asia and in the US*

*Matter handled prior to joining the firm

Bar Qualification

  • England and Wales (Solicitor)

Education

  • LLB (with study abroad), University of Bristol
  • LPC, BPP Law School

Languages Spoken

  • English
Badges and Logos_Law360_Fintech Group of the Year_2024
February 20, 2025 Recognition

Fintech Group of the Year: Latham

Firm honored by Law360 for advising startups, financial institutions, VCs, digital asset and Web3 participants, and corporations on their most innovative and complex transactions, investigations, litigation, and regulatory matters.